Virtual Cards Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Virtual Cards Trends and is Segmented by Product Type (B2B Virtual Cards, B2c Remote Payment Virtual Cards, B2c POS Virtual Cards), By End User (Consumer Use, Business Use), And by Regions (North America, South America, Europe, Asia Pacific, Middle East & Africa). The Report Offers Market Size and Forecasts for the Virtual Cards Market in Terms of Revenue (USD) for all the Above Segments.

Virtual Cards Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Virtual Cards Market Size

Virtual Cards Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 357.50 Billion
Market Size (2030) USD 630.04 Billion
CAGR (2025 - 2030) 12.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Virtual Cards Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Virtual Cards Market with other markets in Financial Services and Investment Intelligence Industry

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Virtual Cards Market Analysis

The Virtual Cards Market size is estimated at USD 357.50 billion in 2025, and is expected to reach USD 630.04 billion by 2030, at a CAGR of greater than 12% during the forecast period (2025-2030).

Over the upcoming years, there will be a notable increase in the market for virtual cards. Due to reasons like the rising use of digital platforms and online payment methods, the industry will rise rapidly. The growing trend of virtual cards is because they save the trouble and cost of handling real cards and processing paper. The epidemic has increased consumer demand for contactless payment options, and the industry is seeing a rapid influx of new contactless spending options. A virtual prepaid card, apart from phone orders and internet transactions, is a digital payment instrument that functions similarly to an actual prepaid card.

Tokenization is used to create credentials randomly, and the cards have integrated financial controls that let you fund the card for single-use or multiple-use purchases. Virtual prepaid cards enhance the payment experience by making online shopping safer, easier, and more capable.

Virtual Cards Industry Overview

The virtual card market is relatively fragmented. Major multinational companies involved in the virtual card market are included in the research. The market is concentrated in terms of share. Nonetheless, mid-size to smaller businesses are expanding their market presence by landing new contracts and breaking into untapped sectors thanks to product innovation and technology improvement. Some major players in the Virtual Cards market are American Express Company, JPMorgan Chase & Co., Mastercard Incorporated, and many more.

Virtual Cards Market Leaders

  1. American Express Company

  2. JPMorgan Chase & Co.

  3. Mastercard Incorporated

  4. Alipay.com Co Ltd.

  5. MineralTree Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Virtual Cards Market Concentration
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Virtual Cards Market News

  • December 2023: Conferma Pay and Mastercard expanded their partnership to enable mobile virtual card payments. Mastercard’s commercial bank clients were expected to be able to offer the convenience of contactless virtual card payments to their corporate customers using Conferma Pay.
  • May 2022: Mastercard and fintech giant OPay announced a strategic partnership for broader financial inclusion and economic prosperity by opening digital commerce to millions across the Middle East and Africa.

Virtual Cards Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Digital Transformation is Driving the Market
  • 4.3 Market Restraints
    • 4.3.1 Connectivity and Technical Issues is Restraining the Market
  • 4.4 Market Opportunities
    • 4.4.1 Collaborations between Virtual Card Providers, Fintech Companies, and Financial Institutions can Unlock New Opportunity
  • 4.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Insights on Impact of Technology and Innovation in the Market
  • 4.7 Insights on Performance of Virtual Card Providers Globally
  • 4.8 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 Product Type
    • 5.1.1 B2B Virtual Cards
    • 5.1.2 B2C Remote Payment Virtual Cards
    • 5.1.3 B2C POS Virtual Cards
  • 5.2 End User
    • 5.2.1 Consumer Use
    • 5.2.2 Business Use
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 South America
    • 5.3.2.1 Brazil
    • 5.3.2.2 Peru
    • 5.3.2.3 Rest of South America
    • 5.3.3 Europe
    • 5.3.3.1 United Kingdom
    • 5.3.3.2 Germany
    • 5.3.3.3 Rest of Europe
    • 5.3.4 Asia-Pacific
    • 5.3.4.1 India
    • 5.3.4.2 Japan
    • 5.3.4.3 Rest of Asia-Pacific
    • 5.3.5 Middle East & Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Rest of Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 American Express Company
    • 6.2.2 JPMorgan Chase & Co.
    • 6.2.3 Mastercard Incorporated
    • 6.2.4 Alipay.com Co Ltd.
    • 6.2.5 MineralTree Inc.
    • 6.2.6 Skrill USA, Inc.
    • 6.2.7 Fraedom Holdings Limited
    • 6.2.8 Abine, Inc.
    • 6.2.9 Billtrust, Inc.
    • 6.2.10 ACI Worldwide Inc.*
  • *List Not Exhaustive

7. MARKET FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

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Virtual Cards Industry Segmentation

A credit or debit card is a virtual card number generated via a mobile application or website; a real card does not accompany it. The study contains a thorough background analysis of the virtual card industry, along with an evaluation of the parental market, developing trends by market segments and regional markets, notable shifts in market dynamics, and a market overview. The virtual cards market is segmented by product type, which includes B2B virtual cards, B2C remote payment virtual cards, and B2C POS virtual cards, by end-user, includes consumer use, business use, and by geography, includes North America, South America, Europe, Asia, Pacific, Middle East & Africa. The report offers market size and forecasts for the virtual cards market in terms of revenue (USD) for all the above segments.

Product Type B2B Virtual Cards
B2C Remote Payment Virtual Cards
B2C POS Virtual Cards
End User Consumer Use
Business Use
By Geography North America United States
Canada
Rest of North America
South America Brazil
Peru
Rest of South America
Europe United Kingdom
Germany
Rest of Europe
Asia-Pacific India
Japan
Rest of Asia-Pacific
Middle East & Africa Saudi Arabia
United Arab Emirates
Rest of Middle East & Africa
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Virtual Cards Market Research FAQs

How big is the Virtual Cards Market?

The Virtual Cards Market size is expected to reach USD 357.50 billion in 2025 and grow at a CAGR of greater than 12% to reach USD 630.04 billion by 2030.

What is the current Virtual Cards Market size?

In 2025, the Virtual Cards Market size is expected to reach USD 357.50 billion.

Who are the key players in Virtual Cards Market?

American Express Company, JPMorgan Chase & Co., Mastercard Incorporated, Alipay.com Co Ltd. and MineralTree Inc. are the major companies operating in the Virtual Cards Market.

Which is the fastest growing region in Virtual Cards Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Virtual Cards Market?

In 2025, the North America accounts for the largest market share in Virtual Cards Market.

What years does this Virtual Cards Market cover, and what was the market size in 2024?

In 2024, the Virtual Cards Market size was estimated at USD 314.60 billion. The report covers the Virtual Cards Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Virtual Cards Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Virtual Cards Industry Report

Statistics for the 2025 Virtual Cards market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Virtual Cards analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.